Domino's net off 21 percent in Q2

 
July 21, 2009
Domestic comparable-store sales at Domino's restaurants were off .7 percent for the 2009 second quarter ended June 14, consisting of a 3.3 percent decline at company-owned stores and a .4 percent decline at franchised stores.
 
International comps were up 4.1 percent.
 
Revenues for the quarter were $316.6 million, off 5 percent compared with revenues for $334.3 million for the 2008 second quarter. Year-to-date revenues were $638.5 million, off 5 percent compared with revenues of $673.4 million for the first six months of 2008.
 
Net income for the second quarter was $14.7 million, off 21 percent compared with net income of $18.7 million for the 2008 second quarter. Year-to-date net income was $38.3 million, up 17 percent compared with net income of $32.8 million for the first half of last year.
 
The company took a $4.9 million charge related to changes in its stock-option plan but realized a $12.9 million pre-tax gain from paying off debt.
"I'm putting this quarter in the 'win' column for Domino's Pizza," said chairman and CEO David Brandon. "Our franchisees are engaged and have embraced the expansion of our products and day parts. The predictability of our model continues to be a plus in an unpredictable landscape."

Topics: Domino's Pizza , Public Companies


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